ANALYST VIEWS: IS BLACKS LEISURE FINALLY TURNING A CORNER?

Blacks continues to inch its way out of intensive care. Same store sales have hit double digit territory, whilst the group’s restructuring plan remains ongoing. Market
consensus opinion currently denotes a strong ‘hold’.

DAVID STODDART | FINNCAP

Blacks has taken sales into positive territory and also seen a boost in gross margins. The process of reviewing the various approaches to the company continues. That underpins our ‘hold’ recommendation.